September brought a 0.5% dip in Toronto home prices, with the average now at $924,600—4.7% lower than a year ago. Sales activity also saw a 5.2% decline, and new listings fell by 3.8%. These shifts are closely tied to rising borrowing costs and ongoing economic uncertainty. After years of guiding clients through changing markets, I’ve seen how important it is to stay informed and adapt strategies as the landscape evolves. Whether you’re navigating a sale or considering your next move, understanding these trends is key to making confident decisions.
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